(NJR) NewJersey Resources - NYSE
Sector: Utilities | Industry: Utilities - Regulated Gas | Exchange: NYSE (USA) | Market Cap: 5.579m USD | Total Return: 29.4% in 12m
Avg Turnover: 32.7M
EPS Trend: 60.0%
Qual. Beats: 1
Rev. Trend: 35.0%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Below Avwap Earnings
Tailwinds
No distinct edge detected
New Jersey Resources Corporation (NJR) is an energy services holding company primarily engaged in regulated natural gas distribution. The company serves residential and commercial customers across several New Jersey counties while maintaining a diversified portfolio that includes clean energy investments, wholesale energy services, and midstream storage and transportation assets.
The business model relies on a combination of stable, rate-regulated utility income and market-based earnings from its non-regulated subsidiaries. In the utility sector, companies like NJR often utilize off-system sales to optimize the value of their pipeline capacity and storage assets when local demand is low.
Beyond traditional gas delivery, NJR operates a Clean Energy Ventures segment focused on commercial and residential solar projects across the Northeast and Midwest. The company also provides ancillary home services, including HVAC installation and plumbing, which creates a vertically integrated service model for its core geographic customer base.
Investors may find it useful to examine the companys valuation metrics on ValueRay to better understand its market position. This multifaceted structure allows the company to balance the capital-intensive nature of utility infrastructure with growth opportunities in renewable energy and energy management services.
- Regulated utility rate base growth drives predictable earnings and dividend stability
- Expansion of commercial solar portfolio increases federal investment tax credit benefits
- Natural gas price volatility impacts non-regulated energy services segment margins
- Interest rate fluctuations affect financing costs for capital-intensive infrastructure projects
- New Jersey state regulatory environment influences utility return on equity targets
| Net Income: 341.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.85 > 1.0 |
| NWC/Revenue: -2.11% < 20% (prev -2.62%; Δ 0.51% < -1%) |
| CFO/TA 0.08 > 3% & CFO 644.0m > Net Income 341.4m |
| Net Debt (3.81b) to EBITDA (762.8m): 4.99 < 3 |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (101.5m) vs 12m ago 0.54% < -2% |
| Gross Margin: 27.78% > 18% (prev 26.56%; Δ 1.22% > 0.5%) |
| Asset Turnover: 29.07% > 50% (prev 28.05%; Δ 1.02% > 0%) |
| Interest Coverage Ratio: 4.27 > 6 (EBIT TTM 567.6m / Interest Expense TTM 132.8m) |
| A: -0.01 (Total Current Assets 730.3m - Total Current Liabilities 777.0m) / Total Assets 7.94b |
| B: 0.21 (Retained Earnings 1.70b / Total Assets 7.94b) |
| C: 0.07 (EBIT TTM 567.6m / Avg Total Assets 7.60b) |
| D: 0.50 (Book Value of Equity 2.65b / Total Liabilities 5.29b) |
| Altman-Z'' = 1.68 = BB |
| DSRI: 0.95 (Receivables 357.6m/346.7m, Revenue 2.21b/2.04b) |
| GMI: 0.96 (GM 26.56% / 27.78%) |
| AQI: 0.98 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 1.08 (Revenue 2.21b / 2.04b) |
| TATA: -0.04 (NI 341.4m - CFO 644.0m) / TA 7.94b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at USD 55.11 with a total of 2,201,461 shares traded.
Over the past week, the price has changed by +1.16%,
over one month by -3.52%,
over three months by +4.34% and
over the past year by +29.43%.
NewJersey Resources has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy NJR.
- StrongBuy: 3
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 60.1 | 9.1% |
P/E Trailing = 16.4036
P/E Forward = 15.7978
P/S = 2.56
P/B = 2.1064
P/EG = 2.1344
Revenue TTM = 2.21b USD
EBIT TTM = 567.6m USD
EBITDA TTM = 762.8m USD
Long Term Debt = 3.28b USD (from longTermDebt, last quarter)
Short Term Debt = 319.8m USD (from shortTermDebt, last quarter)
Debt = 3.93b USD (from shortLongTermDebtTotal, last quarter) + Leases 168.2m
Net Debt = 3.81b USD (calculated: Debt 3.93b - CCE 125.3m)
Enterprise Value = 9.39b USD (5.58b + Debt 3.93b - CCE 125.3m)
Interest Coverage Ratio = 4.27 (Ebit TTM 567.6m / Interest Expense TTM 132.8m)
EV/FCF = -58.35x (Enterprise Value 9.39b / FCF TTM -160.9m)
FCF Yield = -1.71% (FCF TTM -160.9m / Enterprise Value 9.39b)
FCF Margin = -7.28% (FCF TTM -160.9m / Revenue TTM 2.21b)
Net Margin = 15.45% (Net Income TTM 341.4m / Revenue TTM 2.21b)
Gross Margin = 27.78% ((Revenue TTM 2.21b - Cost of Revenue TTM 1.60b) / Revenue TTM)
Gross Margin QoQ = 32.04% (prev 43.38%)
Tobins Q-Ratio = 1.18 (Enterprise Value 9.39b / Total Assets 7.94b)
Interest Expense / Debt = 3.38% (Interest Expense 132.8m / Debt 3.93b)
Taxrate = 22.37% (98.4m / 439.8m)
NOPAT = 440.6m (EBIT 567.6m * (1 - 22.37%))
Current Ratio = 0.94 (Total Current Assets 730.3m / Total Current Liabilities 777.0m)
Debt / Equity = 1.48 (Debt 3.93b / totalStockholderEquity, last quarter 2.65b)
Debt / EBITDA = 4.99 (Net Debt 3.81b / EBITDA 762.8m)
Debt / FCF = -23.67 (negative FCF - burning cash) (Net Debt 3.81b / FCF TTM -160.9m)
Total Stockholder Equity = 2.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.49% (Net Income 341.4m / Total Assets 7.94b)
RoE = 13.74% (Net Income TTM 341.4m / Total Stockholder Equity 2.48b)
RoCE = 9.84% (EBIT 567.6m / Capital Employed (Equity 2.48b + L.T.Debt 3.28b))
RoIC = 5.97% (NOPAT 440.6m / Invested Capital 7.38b)
WACC = 4.44% (E(5.58b)/V(9.51b) * Re(5.73%) + D(3.93b)/V(9.51b) * Rd(3.38%) * (1-Tc(0.22)))
Discount Rate = 5.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 1.31%
[DCF] Fair Price = unknown (Cash Flow -160.9m)
EPS Correlation: 60.02 | EPS CAGR: 12.13% | SUE: 2.79 | # QB: 1
Revenue Correlation: 35.03 | Revenue CAGR: 4.55% | SUE: 0.77 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.04 | Chg30d=-42.25% | Revisions=-33% | Analysts=5
EPS current Year (2026-09-30): EPS=3.49 | Chg30d=+1.47% | Revisions=+33% | GrowthEPS=+6.0% | GrowthRev=+8.1%
EPS next Year (2027-09-30): EPS=3.45 | Chg30d=-0.47% | Revisions=-43% | GrowthEPS=-1.1% | GrowthRev=+1.9%
[Analyst] Revisions Ratio: -43%